The stock market is having a hard time choosing a side after the Fed cut rates

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wait is over: The Federal Reserve on Wednesday afternoon cut its benchmark overnight lending rate by a quarter percentage point, bringing its target range to 4% to 4.25%. Of the 12 voting members of the Fed's policymaking arm, there was only one dissenter: newly appointed Fed Governor Stephen Miran, who also serves as chair of the Council of Economic Advisers in the White House. A close ally of President Donald Trump, who has been pushing the Fed to aggressively cut rates, Miran favored a half-point reduction. While the Fed's move was widely expected, investors have been eager to get the official decision and then hear f